The bidding wars and rising housing prices that defined the 2021 market forced frustrated buyers to the sidelines with hopes that the 2022 market would cool. Unfortunately for those buyers, the new year hasn’t brought lower pricing. According to industry experts, the seller’s market is here to stay. “The 2022 housing market is skewed heavily… [Read More]
How the Russia-Ukraine crisis could impact home buyers
As markets react to Russia’s invasion of Ukraine, home buyers are seeing temporary relief from rising interest rates. In the long term however, inflation remains a serious concern. For the week ending February 24, the 30-year fixed-rate mortgage averaged 3.89%. That’s down three basis points from the week prior. The slight decline shows a retreat… [Read More]
Charlotte metro area home prices are rising, deals can still be found
The real estate market in Charlotte is hot, and some are wondering if they can afford a mortgage. Despite the rise in home prices, experts say there are still areas where you may get a good deal, especially if you’re prepared to widen your search or do some of the maintenance yourself on your new… [Read More]
Lessons Learned From Last Year’s Unsuccessful Homebuyers
While the 2021 housing market was booming, it wasn’t a walk in the park for most buyers. 66% of Americans who began the year with intentions to buy weren’t successful according to NerdWallet’s 2022 Home Buyer Report. With 26 million planning to buy a home this year, the lessons from the failed 2021 attempts may… [Read More]
Study: Charlotte Among Fastest-Growing Cities
A new study gathered by a commercial real estate blog analyzed census data between 2015 and 2019 and found the Queen City to be one of the fastest growing cities in the country. “I love Charlotte. I love the weather. I love the people,” Christina Baldauf told Fox 46 Charlotte. The news station found others… [Read More]
New Survey Suggests Real Estate Craze Was Not as Intense as Indicated
Anecdotal evidence that the late-2020-into-early-2021 real estate market was hot but new data from Zillow’s Consumer Housing Trends Report debunks a common misconception that all buyers experienced a grim reality when it came to home buying. The record-setting housing market that begin several months after the onset of the covid-19 pandemic brought reports of frustrated… [Read More]